On 11 October 2018, H.E. Mr. D.Tsogtbaatar, Minister for Foreign Affairs of Mongolia, met with Mr. Graham Stuart MP, Parliamentary Under Secretary of State (Minister for Investment), UK Department of International Trade. They have exchanged their views on the current state of trade and economic cooperation and expressed their ideas on how to further expand bilateral relations and exchanged views on current international and regional development.
Minister D.Tsogtbaatar underlined that Mongolia is keen to further expand and develop friendly ties with UK in all sectors including trade, economic, investment and emphasized the importance of cooperation to bring in British investment, know-how, and high technology to Mongolia. The Minister also has requested to retain by the British side the current European Union’s GSP+ trading preference and facilitations for Mongolian export products after the Brexit.
Also, the minister proposed to organise a business forum in London next year to further promote partnership between businesses of the two countries.
Parliamentary Under Secretary of State (Minister for Investment) Graham Stuart MP expressed his support for Minister D.Tsogtbaatar’s proposals and he reaffirmed that UK Export Finance has announced to provide 200 million GBP funding for Mongolian companies in Mongolian national currency.